Alexander Otto Sells 20,475 Shares of Curbline Properties (NYSE:CURB) Stock

Key Points

• Director Alexander Otto sold 20,475 Curbline Properties shares for approximately $609,336 at an average price of $29.76, reducing his ownership by 0.27% to 7.64 million shares. He also sold more than 282,000 shares in transactions earlier that week.
• Curbline Properties shares rose 0.9% to $29.88, giving the company a market capitalization of approximately $3.44 billion. The stock has traded between $21.75 and $32.15 over the past year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $31.11, while several firms recently raised their targets to between $31 and $36. Major institutional investors, including BlackRock and T. Rowe Price, have also built or increased positions.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 20,475 shares of Curbline Properties stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.76, for a total value of $609,336.00. Following the completion of the sale, the director directly owned 7,643,162 shares of the company's stock, valued at $227,460,501.12. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Alexander Otto also recently made the following trade(s):

• On Thursday, August 6th, Alexander Otto sold 109,366 shares of Curbline Properties stock. The shares were sold at an average price of $29.79, for a total value of $3,258,013.14.
• On Wednesday, August 5th, Alexander Otto sold 134,269 shares of Curbline Properties stock. The stock was sold at an average price of $30.11, for a total value of $4,042,839.59.
• On Tuesday, August 4th, Alexander Otto sold 38,788 shares of Curbline Properties stock. The shares were sold at an average price of $30.17, for a total value of $1,170,233.96.

Curbline Properties Trading Up 0.9%

NYSE CURB traded up $0.26 during trading on Monday, hitting $29.88. The stock had a trading volume of 1,083,228 shares, compared to its average volume of 984,849. The company has a market capitalization of $3.44 billion, a PE ratio of 110.67 and a beta of 0.51. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $30.41 and a 200 day moving average price of $28.07. Curbline Properties Corp. has a twelve month low of $21.75 and a twelve month high of $32.15.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CURB shares. KeyCorp lifted their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Wolfe Research cut shares of Curbline Properties from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Citigroup upped their price objective on Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.11.

Hedge Funds Weigh In On Curbline Properties

Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Curbline Properties in the second quarter valued at $531,338,000. T. Rowe Price Investment Management Inc. raised its position in shares of Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company's stock worth $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. State Street Corp lifted its stake in Curbline Properties by 1.9% during the second quarter. State Street Corp now owns 5,515,437 shares of the company's stock worth $126,772,000 after purchasing an additional 101,813 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock worth $133,489,000 after purchasing an additional 2,714,859 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock valued at $61,966,000 after purchasing an additional 562,642 shares during the last quarter.

About Curbline Properties

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source